Besides Mallya, his companies Kingfisher Airlines and United Breweries Holdings Limited have also been named as accused
Buyer actor-producer Sachiin Joshi, who owns Viiking Media, has reportedly bought the villa, spread over 12,350 sq ft or three acre at Candolim.
The court noted that despite repeated orders, Mallya did not appear in the court and it was inevitable for the state machinery to intervene and ensure his presence.
Price has been fixed at Rs 85.3cr
RBI rule, applicable prospectively, also for non-group guarantors.
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The company had reported a net loss of Rs 650.78 crore (Rs 6.5 billion) in the same period a year-ago, Kingfisher Airlines said in a filing to the Bombay Stock Exchange.
Seoul City Amazones jumped to the defence of forward Park Eun-seon on Thursday after rival managers in the South Korean women's top flight threatened to boycott the league unless she takes a gender test.
Banks tighten hold on Mallya for defaults on KFA loans
The lenders have not ruled out selling the property to recover part of their loans to the company.
If Mallya does not appear before the court, he risks being declared a fugitive economic offender, besides properties linked to him being confiscated.
The treaty can be invoked in a criminal probe case seeking the transfer of persons, including persons in custody, for the purpose of assisting in investigations or giving evidence
News of all that's transpired on and off the football field
UBI's exposure to Kingfisher Airlines was around Rs 350 crore (Rs 3.50 billion) as part of consortium led by State Bank of India.
Vijay Mallya, the embattled chairman of the UB Group, is not likely to be immediately named a wilful defaulter by the United Bank of India.
The final hearing in the case at the London magistrate's court to extradite Mallya to India is scheduled later this month.
UB Group Chairman Vijay Mallya is no longer a member of India's 100 Richest club, even as fortunes of the country's uber-rich have seen a significant growth since last year.
While one NBW was issued in a 2012 cheque bounce case following Mallya's non-appearance, another was in a case of allegedly evading summons in a FERA violation matter.
The 12,350 sq mt Villa was once used by Mallya to host lavish parties in his 'good times'.
United Bank's exposure to Kingfisher Airlines was around Rs 350 crore (Rs 3.50 billion)
When the government is out to get Mallya, why is it quiet about those people who are responsible for Air India's massive losses is a million dollar question
Liquor baron Vijay Mallya, facing probe in a loan default case of IDBI bank, apparently managed to leave the country in spite of a look-out notice against him by CBI.
Beleaguered businessman Vijay Mallya had made at least four trips abroad before his controversial March 2 departure since a look-out notice was issued by CBI on October 16 last to know his movements.
There were a few fissures but no major cracks apparent in FIFA president Sepp Blatter's bedrock of Asia-Pacific support as officials began returning to the region from the annual congress of soccer's world governing body over the weekend.
These companies have survived bankruptcies.
Here's the full text of the statement
SBI-led consortium of 17 banks had a total exposure of about Rs 6,500 cr to Kingfisher Airlines.
I-T department raises tax demand on them for unpaid tax deducted at source
A summary of sports events and persons who made news on Saturday
Hyderabad-based Turbo Megha Airways takes off, promising affordable fares and other benefits.
Lessors of SpiceJet have in panic taken back some aircraft but if they see fresh investors coming in and taking charge, they are likely to relent and return the planes.
Majority of India's international routes have been captured by foreign airlines.
Move comes as huge provisions for bad loans push loss to Rs 4,488 crore.
Few top honchos of India Inc did very well in 2014.
'I have been most pained at being painted as an absconder'.
The parent entity, (Holdings) Ltd, have also expressed concern over the company's significant exposure to the airline.
In an hour-long chat on rediff.com on Thursday, A K Prabhakar, senior VP and Head -- Equity Research (Retail), Anand Rathi Financial Services Ltd, discussed the best stocks to put the investors' money in.
In an interview with Business Standard, Arundhati Bhattacharya says she expects stalled projects coming back on track in two quarters.
'The approach towards Mallya is not right because his unit could have been turned around earlier with additional funds from his side and the bank's side.'
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In an hour-long chat on rediff.com on Friday, A K Prabhakar, senior VP and Head -- Equity Research (Retail), Anand Rathi Financial Services Ltd, discussed the best stocks to put the investors' money in.
In an hour-long chat on rediff.com on Friday, A K Prabhakar, senior VP and Head -- Equity Research (Retail), Anand Rathi Financial Services Ltd, discussed the best stocks to put the investors' money in.
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